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Who Takes the Risk on Your Construction Project?

By September 3, 2017 September 13th, 2017 No Comments

Any facilities director or CFO who has been involved in a construction project has concerns about cost overruns and budget pressures.  When performed independently, the disconnect between design and construction can often lead to schedule delays and change-orders.  Fortunately, we have seen an increasing trend of owners, facilities professionals and public agencies getting specialized expertise involved early in the scope and RFP (Request for Proposal) development process, which helps define the scope appropriately, and in doing so, reduce the potential for cost overruns.

At Greenland Enterprises, our approach lends itself well to another growing trend – “Construction Manager At Risk” or CMAR project management.  This methodology dovetails well with our niche experience, where Greenland acts as the owner’s representative and takes on the risks associated with any subcontractors.  CMAR utilizes guaranteed maximum pricing controls and a collaborative environment (where the owner, designer and constructor work towards common goals) to  ensure budget is managed, scope is delivered, and timeline requirements are met.

The philosophy and spirit of CMAR has long been part of the Greenland Enterprises methodology, particularly when working with public agencies who value price controls and more structure around publicly funded construction projects.  Even when we deliver projects in the more traditional “design-bid-build” process with fixed pricing,  our engrained design-build expertise means the CMAR methodology is utilized on every project. The biggest difference with a formal CMAR project is the reduction of risk for all parties through that collaborative approach to the development of scope and budget pricing.

If you’re interested in lowering risk, increasing quality and performance, and having strong cost controls, consider engaging a Greenland representative as you start planning for your next complex mechanical/electrical infrastructure upgrade.